Category: Economic Crisis

This paper is a critique of the article about Managing the global supply chain in a time of economic crisis by Paul Laudicina who happens to be a senior principal with the global consulting firm, AT Kearney. The article is his keynote address at a meeting of global business leaders and this paper attempts to…

Economic indicators for the current global financial crisis It is not lost on anyone that prior to the start of the prevailing global economic crisis in September 2008, there had already been published countless business journals that sought to warn the various governments and investors alike of the looming danger ahead (Fackler 2008). Specifically, such…

The world is in the grip of the worst economic turmoil since the great depression of the 1930s, it all started from the collapse of the US mortgage giants and quickly spread to various financial institutions and we ended up seeing financial institutions like Freddie Mac and Fannie Mae collapsing and the US mortgage system…

Table of Contents Background Aim of study Introduction to study References Background The Celtic Tiger has bowed to the pressure of the global economic crisis. Ireland had gotten this name in the early 1990 when it had become the fastest growing economy and most wealthy nation in Western Europe. One reason for this impressive growth…

Causes of the 2007-2008 Economic Crisis The economic crisis of 2007-2008 had the most far-reaching financial repercussions for the U.S. economy since the Great Depression (Helleiner 2011). The significant increase in sub-prime mortgage defaults caused the bursting of a housing bubble. As a result of the growth in the number of defaults, the stability of…

The 2008 financial crisis shocked the entire world, severely damaging many economies and showcasing the importance of both domestic and international markets in societal well-being. Considering its relatively recent occurrence, the global financial crisis was believed to become a milestone and a reference for adopting measures to prevent economic breakdowns in the future. However, with…

In America, the majority of citizens wish to live the elusive American dream. However, the idea of being financially comfortable does not always come true for everyone, especially for families living below the poverty line. It is even harsher on children who live in such families. In the PBS documentary, Poor kids season 2017 episode…

There are many microeconomic issues which affect American cities, and one of the most prominent of them is the housing crisis. In New York, the problem with the rising rent and a growing homeless population is particularly notable and attracts considerable attention of local media. In the article, Eric Adams Faces Pressure on New Yorks…

Introduction Between the last quarter of 2007 and early 2009, the world went through a serious economic crisis that left several economies vulnerable. Greece was no exception. In 2010, following the aftermath of the 2009/2009 global crisis, Eurozone fell to the effects of the remedial measures tabled against the global financial crisis. With the consolidation…

The European debt crisis poses a significant challenge to the economic stability of the European Union. Since economic stability is the basis of the European Union, the economic crisis seems to threaten a robust relationship that exists among member states. Currently, the European debt crisis has revived the need for integration of European member states…